Enjoy $300 as a new Chase checking customer, when you open a Chase Premier Plus CheckingSM account and set up direct deposit. This is our recommended Checking account for the added benefits. Full Review

Get up to $350 when you open a new Chase Total Checking® account with Direct Deposit and/or open a new Chase SavingsSM account, deposit $10,000 or more in new money and maintain a $10,000 balance for 90 days. Full Review

Earn $200 when you open a new Chase Total Business Checking® account, deposit $1,000 in new money within 10 business days of account opening, maintain that balance for 60 days and complete five qualifying transactions within 60 days. Full Review

Open a new TD Bank Premier CheckingSM account online to earn a $300 bonus. Or, open a new TD Bank Convenience CheckingSM account online to earn a $150 bonus. Both offers have a direct deposit requirement. Full Review

Apply for the Barclaycard Arrival Plus® World Elite Mastercard® and earn 40,000 bonus miles after you spend $3,000 on purchases in the first 90 days. This is one of the best credit card bonuses for a travel card. Full Review

Open an online Money Market Account from CIT Bank (available nationwide) and earn a 1.75% APY rate on all balances. There’s no monthly service charge and the minimum opening deposit is just $100. Full Review

Simple Bank Review & Bonus Offer: Unlimited $20 Referrals

By: Tony Phan | Last Updated: March 7, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

Simple Bank, an FDIC-insured checking account backed by their partner bank BBVA Compass, is a mobile-only bank account that is available for Android and iOS devices. Because of it’s unique nature and lack of fees, we’ve included it on our list of the best free Checking accounts.

They do not have any physical branch locations to serve customers and their headquarters is located at 1615 SE 3rd Ave #200 – Portland, OR 97214.

Simple Bank $20 Per Referral Bonus (Unlimited)

$20 bonus for you and your referrals…

Once you have an account set up with Simple Bank, which is free to open with no minimum opening deposit or minimum balance requirements, you can start making $20 per referral. Your referrals will also earn a $20 bonus as well.

Referral offer has no set expiration date

There is no limit to the number of referrals you may make

How to earn the $20 bonus:

You must be a new Simple customer who has not previously had an account to be referred and receive the bonus.

Open a new Simple Bank account using the offer link from the referrer

Put money in your Simple account by linking another account or setting up direct deposit.

When your new card arrives, activate it, and go use it

A $20 bonus will be credited to your account within 24 hours

The account must be open and in good standing at the time the bonus is deposited.

Simple may report the value of the bonus to the IRS as required by law.

Any customer whose tax status would require Simple to impose tax withholding of any sort will not be eligible for this bonus.

Employees of Simple are ineligible for this program.

How to earn unlimited $20 referral bonuses:

Once you have a Simple Account open, make referrals using your personal referral link, or via Email, Facebook, or Twitter.

Once your friend successfully opens an account and makes a purchase with their Simple Bank card for the first time, a $20 bonus will appear in both your accounts.

Earn a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit. Also earn a $150 bonus when you open a new Chase SavingsSM account, deposit a total of $10,000 or more in new money within 10 days & maintain a $10,000 balance for 90 days. Apply for both offers and get a $350 total bonus. Full Review

Get $300 when you open a new Chase Premier Plus CheckingSM account and set up direct deposit. This account has more features than the Chase Total Checking® and the monthly service fee can be waived with a few different requirement options. A $300 Checking bonus is one of the best offers from Chase Bank. Full Review

Earn $200 when you open a new Chase Total Business Checking® account, deposit $1,000 in new money within 10 business days of account opening, maintain that balance for 60 days and complete five qualifying transactions within 60 days. This is the most popular Business Checking offer.Full Review

Apply for the Barclaycard Arrival Plus® World Elite Mastercard® and earn 40,000 bonus miles after you spend $3,000 on purchases in the first 90 days. These 40K bonus miles are worth $420 in travel redemption. This is one of the best credit card bonus offers for a travel credit card. Full Review

Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review

CIT Bank is offering a 1.55% APY rate with their Premier High Yield Savings account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. Full Review

Ally Invest has a promotion where you can earn either 90 days of commission-free trades or a $200 cash bonus. The $200 bonus will require a deposit of at least $25,000 within 15 days of account opening and the execution of 3 trades within 90 days. The free trades offer will require a $10,000 minimum deposit. Full Review

Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Full Review

About Simple Bank

Very similar to Moven, the Simple bank account is a more streamlined way of managing your personal finances using your smartphone. Like other banks that don’t operate in traditional branch locations, Simple doesn’t charge any fees.

The funds in your Simple account are held by The Bancorp Bank, and is FDIC insured up to the maximum $250,000.

Any permanent resident of the United States over 18 years of age that has a Social Security number can use a Simple account.

You’ll also need to own a device that can run the Simple mobile app on either Android or iOS.

While you can access most features through the web, Simple is more streamlined through their mobile app, which will let you do Photo Check deposits.

There Can Be Fees You Should Be Aware Of

While Simple does not charge any fees on their end, you should still be aware of these situations where you can incur a fee:

If you use an ATM outside of their fee-free network (40,000 totally free Allpoint ATMs), the ATM owner may charge a fee.

If you use your Simple card internationally, Visa will include an International Service Assessment (ISA) fee of up to 1% of the total transaction amount.

Simple Account Features

You’ll receive a Simple Visa Debit Card, which can be used just like any other debit card, and to withdraw cash from ATMs.

Make purchases both in stores and online

Budgeting tools available on the web and mobile app.

Deposit funds by direct deposit, transfers from a linked external account, photo check deposit with the app, and deposits by mail.

Move money between accounts with no holds, no checks, no fees, and no wait.

Just like any other bank account,you can link your Simple account to Square, Venmo, Paypal and other third party services.

Author’s Verdict

The Simple bank account is only going to appeal to a select market that is interested in these innovations. This account isn’t going to fulfill all your banking needs if you’re looking for a full suite of deposit accounts – there are no Savings, Money Market, CD or Business account options. If you’re up for trying out a free bank account that you can monitor and track your spending on your smartphone, Simple is worth a look and your funds will be insured. For another non-traditional bank account option available online only, the Capital One 360 set of Checking and Savings accounts are also popular and have sign-up bonuses.

Apply for the Barclaycard Arrival Plus® World Elite Mastercard® and earn 40,000 bonus miles after you spend $3,000 on purchases in the first 90 days. This is one of the best credit card bonus offers for a travel credit card.

Get up to $350 when you open a new Chase Total Checking® account with Direct Deposit and/or open a new Chase SavingsSMaccount, deposit $10,000 or more in new money and maintain a $10,000 balance for 90 days.

About Tony Phan

*These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Get Email Updates!

E-Mail Address

Enjoy $300 as a new Chase checking customer, when you open a Chase Premier Plus CheckingSM account and set up direct deposit. This is our recommended Checking account for the added benefits. Full Review

Get up to $350 when you open a new Chase Total Checking® account with Direct Deposit and/or open a new Chase SavingsSM account, deposit $10,000 or more in new money and maintain a $10,000 balance for 90 days. Full Review

Earn $200 when you open a new Chase Total Business Checking® account, deposit $1,000 in new money within 10 business days of account opening, maintain that balance for 60 days and complete five qualifying transactions within 60 days. Full Review

Open a new TD Bank Premier CheckingSM account online to earn a $300 bonus. Or, open a new TD Bank Convenience CheckingSM account online to earn a $150 bonus. Both offers have a direct deposit requirement. Full Review

Apply for the Barclaycard Arrival Plus® World Elite Mastercard® and earn 40,000 bonus miles after you spend $3,000 on purchases in the first 90 days. This is one of the best credit card bonuses for a travel card. Full Review

Open an online Money Market Account from CIT Bank (available nationwide) and earn a 1.75% APY rate on all balances. There’s no monthly service charge and the minimum opening deposit is just $100. Full Review

*Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card and banking companies from which MoneysMyLife.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MoneysMyLife.com does not include all credit card and banking companies or all available credit card and banking offers. • This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.